Empire State Realty Trust, Inc. (ESRT)
NYSE: ESRT · IEX Real-Time Price · USD
9.52
-0.02 (-0.21%)
May 20, 2024, 10:21 AM EDT - Market open
Empire State Realty Trust Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for ESRT stock have an average target of 8.33, with a low estimate of 7.00 and a high estimate of 9.00. The average target predicts a decrease of -12.50% from the current stock price of 9.52.
Analyst Consensus: Hold
* Price targets were last updated on Nov 27, 2023.
Analyst Ratings
The average analyst rating for ESRT stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 0 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $9 | Buy → Hold | Downgrades | $9 | -5.46% | Nov 27, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $6 → $7 | Sell | Maintains | $6 → $7 | -26.47% | Aug 30, 2023 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $8 → $10 | Buy | Maintains | $8 → $10 | +5.04% | Aug 17, 2023 |
| Citigroup | Citigroup | Hold Maintains $7.25 → $9 | Hold | Maintains | $7.25 → $9 | -5.46% | Aug 8, 2023 |
| Citigroup | Citigroup | Hold Maintains $6.25 → $7.25 | Hold | Maintains | $6.25 → $7.25 | -23.84% | Jun 15, 2023 |
Financial Forecast
Revenue This Year
762.23M
from 739.57M
Increased by 3.06%
Revenue Next Year
771.57M
from 762.23M
Increased by 1.23%
EPS This Year
0.10
from 0.30
Decreased by -66.00%
EPS Next Year
0.08
from 0.10
Decreased by -20.00%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 805.6M | 840.3M | 810.9M | 822.5M | 841.8M |
| Avg | 762.2M | 771.6M | 787.7M | 799.0M | 817.7M |
| Low | 699.3M | 688.8M | 756.8M | 767.7M | 785.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.9% | 10.2% | 5.1% | 4.4% | 5.3% |
| Avg | 3.1% | 1.2% | 2.1% | 1.4% | 2.3% |
| Low | -5.4% | -9.6% | -1.9% | -2.5% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.11 | 0.08 | 0.08 | 0.08 | 0.08 |
| Avg | 0.10 | 0.08 | 0.08 | 0.08 | 0.08 |
| Low | 0.10 | 0.08 | 0.08 | 0.08 | 0.08 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -65.0% | -17.6% | 2.9% | 2.9% | 2.9% |
| Avg | -66.0% | -20.0% | - | - | - |
| Low | -67.3% | -23.1% | -3.9% | -3.9% | -3.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.